Sealed Air Co. (NYSE:SEE) Shares Acquired by Acuitas Investments LLC

Acuitas Investments LLC increased its position in shares of Sealed Air Co. (NYSE:SEE) by 64.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,300 shares of the industrial products company’s stock after acquiring an additional 900 shares during the period. Acuitas Investments LLC’s holdings in Sealed Air were worth $78,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new position in shares of Sealed Air in the 3rd quarter worth approximately $139,800,000. Swedbank AB grew its position in Sealed Air by 57.3% in the fourth quarter. Swedbank AB now owns 2,325,696 shares of the industrial products company’s stock worth $78,678,000 after buying an additional 846,882 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sealed Air by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company’s stock valued at $83,542,000 after buying an additional 12,559 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Sealed Air by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,613,957 shares of the industrial products company’s stock valued at $58,587,000 after acquiring an additional 502,999 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its stake in shares of Sealed Air by 56.6% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after acquiring an additional 548,493 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Sealed Air Trading Down 0.3 %

Sealed Air stock opened at $33.99 on Tuesday. Sealed Air Co. has a 12 month low of $30.87 and a 12 month high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.95 billion, a P/E ratio of 12.49 and a beta of 1.34. The company’s fifty day simple moving average is $34.51 and its 200-day simple moving average is $34.98.

Analyst Upgrades and Downgrades

SEE has been the topic of a number of recent analyst reports. UBS Group cut their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Truist Financial upped their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Bank of America reduced their price target on shares of Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com cut shares of Sealed Air from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.